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Panjiang Investment Holdings

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Panjiang Investment Holdings
IndustryCoal mining
Founded1966
Headquarters
Guiyang
,
China
SubsidiariesPanjiang Refined Coal, Panjiang Coal and Electricity Refco Group
WebsitePanjiang Refined Coal website
Guizhou Panjiang Refined Coal Co., Ltd.
Simplified Chinese贵州盘江精煤股份有限公司
Traditional Chinese貴州盤江精煤股份有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinGuìzhōu Pán Jiāng Jīng Méi Gǔ​fènyǒuxiàngōngsī

Panjiang Investment Holdings Group, formerly known as Panjiang Coal and Electric Power Group, (Chinese: 盤江煤電集團) is a coal mining and energy company in China.[1]

History

The company was found in 1966 in Guiyang, Guizhou. The holding is engaged in the coal and related resources extraction (natural gas mostly), build materials, mechanical and electrical production and repairing, mining equipment maintenance, environmental protection, logistics, financial services, real estate and agricultural business operations.[2][3]

Guizhou Panjiang Refined Coal is the largest company of the holding. It was found in 1999 in Lupanshui and engaged mostly in extraction, processing and sale of coal in China and abroad. The company offers coking and injection coal for the metallurgical and chemical industries use; power coal for energy, cement and other industries.

The shares of the group's subsidiary, Panjiang Refined Coal, are traded on the Shanghai Stock Exchange.[4][5]

The holding was reorganized in 2018 and in addition to Panjiang Coal and Electricity Group it embraced Panjiang Capital (earlier Panjiang Mining Bureau), Shuiming Group (earlier Shuicheng Mining Bureau), Liuzhi Industrial and Mining (earlier Liuzhi Mining Bureau), Lindong Mining (earlier Lindong Mining Bureau) and Panjiang Power Investment (earlier Guangtou Qiangui Company). In April 2020, Bijie Zhongcheng Energy Co. was entered the management of the group. [6][7]

In 2019, the holding company made a profit of 800 million yuan ($120 million).[8]

As of 2021, the holding employs more than 50,000 employees.[6]

Operations

Coal mining

The holding is one of the largest coal producers in China.

In the early 2010s, its companies produced about 15 million tons of raw coal annually, constantly increasing the volume.[9]

In 2021, the holding produced 1.7 million metric tons of thermal coal, which is 27 percent more than in 2020.[10]

Coalbed methane extraction

In 2021, the holding produced 120 million cubic meters of natural gas, which is 63 percent of the total gas volume in the district.[10][11]


References

  1. ^ "Mining companies of China". GreatMining.com. Archived from the original on 2009-07-22. Retrieved October 16, 2010.
  2. ^ Investment Opportunities in Coal Mine Methane Projects in Panjiang Mining Area. Beijing. 2001. p. 20.{{cite book}}: CS1 maint: location missing publisher (link)
  3. ^ "Guizhou Panjiang Investment Holding". Cbonds. Retrieved 2022-05-18.
  4. ^ "Guizhou Panjiang Refined Coal Co Ltd". Reuters. Retrieved 2022-05-18.
  5. ^ "Guizhou Panjiang Coal and Electricity Group Co Ltd". Bloomberg. Retrieved 2022-05-18.
  6. ^ a b "贵州盘江煤电集团有限责任公司". Guizhou.gov.cn. April 9, 2021. Retrieved 2022-05-18.
  7. ^ "Panjiang Co., Ltd.: the merger of Panjiang Coal Power by the controlling shareholder Panjiang holdings was approved by the provincial SASAC". EqualOcean. September 6, 2021. Retrieved 2022-05-18.
  8. ^ "Guizhou Panjiang Coal and Electricity H1 profits up 35%". Sxcoal.com. July 18, 2019. Retrieved 2022-05-18.
  9. ^ "盘江煤电计划今年生产原煤1500万吨". China5e.com. January 18, 2010. Retrieved 2022-05-18.
  10. ^ a b "Guizhou SOEs solve problems that concern locals". The Guiyang Municipal People's Government. January 12, 2022. Retrieved 2022-05-18.
  11. ^ "Energy Markets in China and the Outlook for CMM Project Development in Anhui, Chongqing, Henan, Inner Mongolia, and Guizhou Provinces" (PDF). United States Environmental Protection Agency. April 10, 2015. Retrieved 2022-05-18.
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